Rethinking Finance
The monetisation of all transactions will need to be re-visited to enhance the equitable distribution of wealth and ensure broader well-being of all peoples. This means putting conscious effort and science into moving away from finance as a value system benefiting the few to accelerating a move toward real economy wealth creation for the many.
Financing Change, Changing Finance
With a view of moving the current sustainable finance discussion from surface changes to the deep shift needed in our relationship to money and the existing finance system at large, the new Club of Rome Finance Impact Hub brings together real economy actors, investors, thoughts leaders to address core systemic alterations needed to support a well-being economy in balance with nature and responding to core global tipping points.
The Finance Impact Hub was launched on 20th February 2020 with a high-level roundtable at the Club’s new EU office, housed at Triodos Bank in Brussels. It convened officials from the European Institutions, EIB, ECB, Central Banks, Impact Investors, Finance Institutes, Foundations, Academics, and Members of the Club of Rome. Its primary objective was to explore key areas of change and existing leverage points and commence a co-creation partnership with a community of champions.
The spirit of the new Finance Hub is anchored in the seminal report to The Club of Rome, “The Limits to Growth” (1972), where calls were made for a deep-systems shift away from conventional finance models to one at the service of people-planet-prosperity. A series of publications since have continued to call for this shift. In particular, the Club of Rome’s Climate and Planetary Emergency Plans published in September 2019, calling for a decade of action that will enable the necessary change in systems to ensure long-term environmental and social sustainability.
